TransAlta Renewables, an independent renewable energy producer, has entered into a definitive agreement for the acquisition of a 122 MW portfolio of operating solar projects located in North Carolina, U.S. The projects will be acquired from a fund managed by Copenhagen Infrastructure Partners for $96.65 million, subject to working capital adjustments and the assumption of existing tax equity obligations. The acquisition will be funded using existing liquidity. The acquisition is subject to customary regulatory approvals and is expected to close in the fourth quarter of 2021. The facilities are all operational and were commissioned between November 2019 and May 2021. The facilities are secured by long-term power purchase agreements with two subsidiaries of Duke Energy, which have an average remaining term of 12 years.